Bihar Startup Policy

The entity must be no more than ten…

The entity must be no more than ten years old counted from its date of incorporation/ registration, and must be either a private limited company (as defined in the Companies Act, 2013), a partnership firm registered under section 59 of the Partnership Act, 1932, or a limited liability partnership under the Limited Liability Partnership Act, 2008.

In no financial year since incorporation/ registration may…

In no financial year since incorporation/ registration may the entity's turnover have gone above one hundred crore rupees.

The entity must be engaged in innovation, development…

The entity must be engaged in innovation, development or improvement of products, processes or services, or must run a scalable business model with strong potential to generate jobs or wealth.

An entity created by splitting or reconstructing an…

An entity created by splitting or reconstructing an existing business will not qualify as a ‘Start-up’.

The Start-up has to be incorporated or registered…

The Start-up has to be incorporated or registered in Bihar and must maintain an office in Bihar.

Taxes applicable on the company's operations must also…

Taxes applicable on the company's operations must also be payable in Bihar.

Bihar introduced its startup policy in August 2022…

Bihar introduced its startup policy in August 2022 to encourage entrepreneurship within the state.

Young entrepreneurs of Bihar can receive an interest-free…

Young entrepreneurs of Bihar can receive an interest-free loan of 10 lacks for ten years, released as seed money under the Bihar Startup Policy.

Women entrepreneurs get 5 per cent higher incentives,…

Women entrepreneurs get 5 per cent higher incentives, and businesses taking part in “rigorous training for product improvement and finance” receive a grant of 3 lakh rupees.

Shared office space is available, along with monetary…

Shared office space is available, along with monetary incentives and other facilities.

A dedicated startup platform has been set up…

A dedicated startup platform has been set up for young entrepreneurs in Bihar who wish to benefit from the available policies and programmes.

An active Email ID that will remain valid…

An active Email ID that will remain valid for a minimum of 1 year.

A mobile number that is linked to Aadhar

A mobile number that is linked to Aadhar.

A recent passport-size photograph

A recent passport-size photograph.

Scanned copies of the following

Scanned copies of the following:

Aadhar card along with the Pan card

Aadhar card along with the Pan card. Caste certificate (general category applicants need not submit). Certificate of educational qualification. Proof that the entity exists (where it is registered). The entity's Balance Sheet. The given format completed with all details and signed.